Home / Business / Asian shares slip from 6-month high-ahead of Fed policy decision By Reuters

Asian shares slip from 6-month high-ahead of Fed policy decision By Reuters

© Reuters. Tokyo

TOKYO / HONG KONG (Reuters) – Asian shares on Wednesday as part of a stockbroking deal in Tokyo US Britain's Federal Reserve, which forecasts the decline of Britain's, France's and Germany's indexes between 0.5 percent and 0.7 percent in early.


MSCI's broadest index of Asian-Pacific shares outside Japan dropped 0.2 percent, weighed down by Australia and South Korea.

Japan's climbed 0.2 percent while mainland Chinese blue-chip shares were flat.

Wall Street shares were narrowly mixed on Tuesday, with the losing 0.01

percent and the Nasdaq adding 0.12 percent. ()

Some market players said that was triggered by a report of U.S.

Still on the whole, many market players on a deal between Washington and Beijing. US Liu He, a trump administration official said on Tuesday.

"China is eager to come to an agreement "I'm not too worried." Said Wang Shenshen, Strategist at Tokai Tokyo Research Center.

Confidence among Asian companies continues near three-year lows in the first quarter Thomson Reuters / INSEAD survey found. [ASIATOPCO/]

Companies listed in the survey the global trade was as the top business

The Federal Reserve focuses on its policymakers' rate projections for the future xt few years.

(GRAPHIC: The Fed's Dot Plot – https://tmsnrt.rs/2UDfpY1)

Since the beginning of year, Fed chairman Jerome Powell has said that the central bank would be patient – interpreted as code

Financial markets have gone even further by pricing in a cut-rate this year.

The Fed is also expected to lay off a plan to stop shrinking its $ 4 trillion balance sheet, or so-called quantitative tightening.

"I think market consensus centers around at the end of September but we expect the Fed to end its balance sheet rolloff in June, at around $ 3.85 trillion, based on our calculations on the amount of excess reserves the Fed wants, "said Shuji Shirota, head of macroeconomic strategy at HSBC Securities in Tokyo.

(GRAPHIC: Federal Reserve bond holdings – https://tmsnrt.rs/2UD2oOr)

Expectations of a more cautious Fed have dented the US dollar, which has already been under pressure this year after Powell's all but a pause to the tightening cycle at the previous meeting.

The dollar's index against a basket of six major currencies hit 2 1/2-week low of 96,288 on Tuesday and last stood at 96,445.

The euro traded little at $ 1.1347, near Tuesday's two-week high of $ 1.1362.

The dollar fetched 111.54 yen, down on the day and below Friday's nine-day high of 111.90.

The Australian dollar Dipped 0.1 percent to $ 0.7080, as the country's bonds yielded their breakneck decline to multi-year lows on a domestic rate cut.

It was not helped by 6-percent fall in China's iron ore prices on expectation of higher supply as Vale SA is set to resume work at its largest iron ore mine in Minas Gerais state.

The British pound remains hostage to headlines on Brexit.

Prime Minister Theresa May has come to terms with the European Union to delay.

Brexit beyond June 30, a step that Brexit's advocates fear would endanger the entire divorce.

On the other hand, the EU's chief negotiator, Michel Barnier has said it would not make sense if it were to increase its chances of being ratified by Britain's House of Commons.

last 196 nine peak nine peak flat peak $ peak 1.3 $ 1.3 $ 1.3 peak $ peak $ of $ of $ of. 19659004] OPEC would continue to cut through the end of the year and after data from the American Petroleum Institute (API).

U , S. West Texas Intermediate (WTI) futures was pretty much flat at $ 59.02 per barrel after touching their highest since November at $ 59.57 on Tuesday.

Source link